Articles

Article Categories

If you have international transactions with a related party – eg a loan from your foreign subsidiary – your Australian tax will be affected if the amounts for the transaction do not comply with the arm’s length principle under the transfer pricing rules. Transfer pricing…

Tax Debt? Take action now – the longer you leave it the greater the debt because general interest charge (GIC) accrues daily. The GIC can more than double the tax debt. If you do not dispute the tax debt, taking action typically involves two steps….

As everyone knows, the taxation of cryptocurrency is a very grey area. However, the ATO considers that cryptocurrency is a CGT asset (and not cash). Thus the disposal of cryptocurrency for a profit will ordinarily give rise to a capital gain. This then leads to…

Are you a business owner who has been unable to make a sueprannuation guarantee (SG) payment for your employee? The Turnbull government has announced an amnesty for all unpaid Superannuation guarantee contributions. So, if you lodge and pay all of your outstanding SG payments within…

Wonder why Amazon has blocked Australians from their US sites? Its because from 1 July goods bought online from overseas will incur a 10% GST tax. Up until now, such goods were GST-free if worth less than $1,000. The new GST rules will apply to…

If you have received income from overseas or have been holding monies overseas and receiving interest income and haven’t disclosed this in your tax returns do it now before you are audited and face severe penalties. This is because, as a result of the new Common…

The ATO commenced debt recovery action and would not accept a payment plan. However Waterhouse Lawyer negotiated a Garnishee arrangement so that the company could continue trading and not be wound up. 83 jobs were saved. In this case, the ATO had issued a Statutory…

The Common Reporting Standard (CRS) is designed to reduce tax evasion. It is a global reporting system and will affect all taxpayers who have bank accounts in two countries. Under the CRS regime, financial institutions, such as banks, are required to report foreign tax residency…

Chapeau! as they say in French thank you

Dear Tania,

From my first contact with yourself and your firm, I knew I had contacted the right people to assist me in reviewing an ATO audit decision. How did I know that? I strongly felt that I would comfortably accept whatever outcome it may be, even if it was not the best, feeling confident that you and your team of experts would provide the best possible advice and chance to resolve the matter. Furthermore I also felt that you and your team do care about their clients and was impressed by your commitment. Was I right? Yes I was, your team achieved the best outcome that could have been expected: a win!

Dear Keerti,
Your dedication to resolving my taxation matter in the best possible way (“fighting tooth and nail” as you said) was remarkable and to say the least very much appreciated. You were approachable and always available for comments or explanations. Although it can be challenging, you were soon familiar with all the details of the evidence. Above all you were able to secure a win. I would have no hesitation whatsoever to recommend you.

Chapeau! as we say in my native French as a mark of gratitude and respect.

Best regards,

Didier

Tania Waterhouse—August 2019

Find Us on Facebook

Tax Dispute

Involved in a dispute with the Tax Commissioner?
Being audited by the Tax Office?